In the dynamic realm of financial services, the integration of artificial intelligence (AI) has emerged as a transformative force, promising unparalleled opportunities. While not new, the breadth of AI as a potential game changer for applications spans asset management, corporate banking, wealth management, retail banking, risk management, legal, compliance, and more. But the promise of unparalleled opportunities in AI also pose serious cybersecurity challenges.
This article delves into the intricate interplay between AI adoption and cybersecurity within the financial services sector. Drawing insights from industry reports, conference discussions, and real-world experiences, it aims to equip cybersecurity professionals with the knowledge and strategies necessary to navigate this transformative landscape effectively. Read further to learn more about the complexities, the challenges, and the opportunities at the nexus of AI and financial services cybersecurity.
The financial services AI revolution: Where are we now?
McKinsey, in its forward-looking analysis, forecasts that the advent of generative AI…
